May 2020 Update

New Monthly NAV and Record Breaking Collections

April Monthly NAV Increase with Consistent Distributions: VineBrook’s NAV appreciated 0.75% from March 31, 2020 to April 30, 2020, moving from $30.59/share to $30.82/share. VineBrook’s Distribution Rate of 6.88% is fully covered by Core Funds From Operations.

May Rent Collection Outpacing Past Averages: 96.3% of May Rent collected vs 94% TTM avg. through May 18th (97.2% collected including payment plans). Only 1.1% of billed rent for VineBrook’s homes are on a payment plan in May.

New VineBrook Presentation Available: View the presentation from last week’s VineBrook Webinar, which provides insight into the current portfolio, performance, and its valuation.

Transaction Volume Remains Steady in VineBrook’s Portfolio

300
SFR Acquisitions

300+ single-family home acquisitions/transactions in March and April, with acquisitions occurring every day in most markets (200+ homes under contract currently in May)

6,800
Homes Underwritten in Q120

6,800 homes underwritten by VineBrook in Q120 with approximately 2,000 homes underwritten so far in Q220 providing real-time feedback to management on a wide subset of home prices in its core markets

7,500
Homes Total

7,500 + homes across 12 markets in the mid-west and south (which have been more resilient to COVID-19 impacts than the coastal markets)

U.S. Single-Family Home Sales Remain Steady Too

“Since the week ending March 13 through May 15th , 543,105 single-family home properties have gone into contract across 46 states in U.S.” – HouseCanary May 21st Weekly Market Pulse Report

Single-Family Rentals In The News – Why All The Recent Focus on This Asset Class?

JPMorgan Fund Doubles Down on Rental Houses with Economy Shut

(Bloomberg)—JPMorgan Chase & Co.’s asset management arm increased its bet on single-family rental homes, more than doubling the size of…

Single-Family Home Rentals Are Excelling in the Pandemic

Stay-at-home orders tied to the COVID-19 pandemic have not tamped down the demand for single-family house rentals, executives from…

Despite COVID-19 pandemic, tight housing supply has contributed to home price stability in many markets

Over the week ending May 8, 32 of the 46 states have seen an uptick in the median list price of new listings, while 14 states have shown…

JPMorgan Fund Doubles Down on Rental Houses with Economy Shut

(Bloomberg)—JPMorgan Chase & Co.’s asset management arm increased its bet on single-family rental homes, more than doubling the size of…

READ MOREREAD MORE

Single-Family Home Rentals Are Excelling in the Pandemic

Stay-at-home orders tied to the COVID-19 pandemic have not tamped down the demand for single-family house rentals, executives from…

READ MOREREAD MORE

Despite COVID-19 pandemic, tight housing supply has contributed to home price stability in many markets

Over the week ending May 8, 32 of the 46 states have seen an uptick in the median list price of new listings, while 14 states have shown…

READ MOREREAD MORE

Institutional Capital Taking Notice: Single-Family Housing During COVID-19 White Paper

(Written by Activist Real Estate Hedge Fund Land and Buildings Investment Management – May 19th, 2020)

READ MOREREAD MORE

“Land & Buildings believes single-family homes to own and rent are poised to see substantial tailwinds as millennials’ move to suburbs has been accelerated by COVID-19”

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DISCLAIMERS AND RISK FACTORS
Investing in VineBrook Homes Trust, Inc. (the "Company" or "VineBrook") involves a number of significant risks and other important factors relating to investments in companies generally, and relating to the strategy and investment objectives of the Company in particular. Prospective investors should carefully consider the risk factors, together with all of the other information included in the Confidential Private Placement Memorandum (Memorandum), before deciding to purchase Shares. As a result of these factors, as well as other risks inherent in any investment, there can be no assurance that the Company will be able to meet its investment objectives or otherwise be able to successfully to carry out its investment program.
An investment in the company is not a direct investment in real estate, but rather an investment in a REIT that owns single-family rental assets.
This document does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any securities will be offered only by means of a confidential private placement memorandum provided to a limited number of sophisticated investors. The private placement memorandum will include important information which is not included in this document.
Distributions are not guaranteed and may be suspended, modified or terminated at the discretion of the board of trustees. Distributions may be paid from offering proceeds and may include a return of capital or borrowed funds, which may lower overall returns to the investor and may not be sustainable.
VineBrook is an independent organization and is not affiliated with NexPoint Real Estate Advisors, L.P. or any affiliates.
NexPoint Securities, Inc., Member FINRA/SIPC, is the dealer manager for the VineBrook Homes Trust, Inc. Offering.
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